Wednesday, July 7, 2010

The Point sales price vs tax values YTD thru June 2010

YTD thru June there have been 27 homes sold vs 16 last year in the first 6 months of the year. This chart depicts the sales price as a percentage of tax value in order from most expensive home to least expensive home. As you can see there has been only 6 homes out of 27 that have sold for more than tax value. For homes priced under 1.4 million there has only been 2 that sold for more than it's tax value. One of those homes was my listing and we got their home sold for 4% over tax value, a rare event in these market conditions. The average has been a sales price equal to 88% of tax value. Bookmark and Share

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